Over the past 24 hours, we saw the cryptocurrency market recovering from a mild correction that took place on early Monday morning. Bitcoin touched $50,000 for the first time, the total cryptocurrency market capitalization increased above $1.5 trillion, while Polkadot became the 4th biggest project by market cap, surpassing Cardano by an inch.Bitcoin Price Taps $50KFor the first time in history, the primary cryptocurrency tapped the coveted mark of $50,000. This is a major milestone for...
Read More »Crypto Price Analysis & Overview January 22nd: Bitcoin, Ethereum, Ripple, Polkadot, and Chainlink
During the past seven days, we saw an extended correction in Bitcoin’s price which failed to recover to its previous all-time highs. However, while BTC is down, a lot of altcoins started popping and gaining some serious value. For this week’s analysis, we’ve decided to take a closer look at Bitcoin, Ethereum, Ripple, Polkadot, and Chainlink.BitcoinBitcoin is down by a further 18% this week, dropping by a steep $10,900 to reach a low at $28,900. The cryptocurrency was trading at the upper...
Read More »Polkadot Price Analysis: DOT Skyrockets 30% In 24 Hours, Is $20 Next?
DOT/USD – DOT Sets New ATH At $18.15.Key Support Levels: $17.30, $16, $15.35.Key Resistance Levels: $18.15, $18.65, $19.55.Today, DOT surged by 30.5% to set a new ATH price at $18.15. The cryptocurrency is now up by a total of 88% this week after bouncing from support at $8 on Wednesday. From there, it continued higher until it hit resistance at $15.10 (1.618 Fib Extension) on Thursday.It stalled at this resistance yesterday, but today’s 30.5% price surge allowed it to break beyond $15.10 as...
Read More »Market Watch: Polkadot (DOT) Replaced Ripple on The Top 4, Chainlink (LINK) New All-Time High
Following an unsuccessful attempt to overcome the $40,000 price tag over the past two days, BTC headed south once again to an intraday low of about $34,500. Simultaneously, while most alternative coins were in the red, the two large-caps – Chainlink and Polkadot – have both exploded to new all-time highs.Bitcoin Dips To $34.5K But Quickly RecoversThe primary cryptocurrency managed to recover the losses following a “Black Monday” style crash that drove it back to the $30K price area in a...
Read More »Crypto Price Analysis & Overview January 15th: Bitcoin, Ethereum, Ripple, Polkadot, and Cardano
This week has been particularly volatile. Bitcoin went on a massive correction, jumped back to $40K, and dropped again just a few hours ago. The majority of the altcoins followed. Polkadot (DOT), however, went on an impressive rally as can be seen in the below ROI chart for the coins we’ve selected this week.BitcoinBitcoin is down by a concerning 13.8% over the past week as it currently trades beneath $36,000. The downturn for Bitcoin started on Monday when it dropped by a steep 25% to reach...
Read More »Bitcoin Stalls Below $39K As Polkadot Surges to $15 And Becomes 4th Largest Crypto (Market Watch)
Bitcoin has failed to break above $40,000 again and has stalled beneath $39,000. The altcoin situation is significantly more volatile, with Ethereum jumping north of $1,200 and Polkadot surpassing XRP as the fourth-largest crypto following a 30% surge.ETH Above $1,200, DOT Takes The 4th SpotThe alternative coins demonstrated high volatility levels in the past week, with massive drops during the Black Monday crash and rapid recovery sessions in the days that followed.Most large-cap ones have...
Read More »Polkadot Price Analysis: DOT Surges 40% to a New ATH, Becoming the 5th Largest Cryptocurrency
DOT/USD – DOT Setting Fresh ATH Above $11.Key Support Levels: $12, $11.60, $11.Key Resistance Levels: $13, $13.37, $14.08.DOT started to surge higher toward the end of 2020 when it bounced from support at $4.50 (100-days EMA) to reach $9.65 by the end of the year. In 2021, it struggled to break resistance around $10.20 for the first week of January and eventually rolled over earlier this week to drop into the $8.00 support.From there, the cryptocurrency rebounded yesterday as it broke above...
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